Reported about 7 hours ago
A senior official from the International Chamber of Commerce has cautioned that the ongoing tariff war, particularly with the U.S. imposing high tariffs on imports, could lead to a severe global economic downturn reminiscent of the Great Depression of the 1930s. Andrew Wilson, the ICC deputy secretary-general, highlighted concerns over potential job losses and significant production declines in major economies. He emphasized the need for the U.S. administration to reconsider its tariff strategy to avoid exacerbating the economic risks.
Source: YAHOO